Banking & Finance
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2.4KTinubu Urges Bankers to Boost Funding to Manufacturing Sector, Digital Innovations, Others
President Bola Tinubu, yesterday, urged the banking sector to do more to support the country’s struggling manufacturing sector to boost its contribution...
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2.3KSenate Seeks Extension of CBN’s Forbearance Loans Deadline
Izunaso, who made the call at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN)...
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2.5KLending Rates May Fall as Inflation Eases –CBN
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has hinted that lending rates may decline in the coming months as...
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2.9KNigeria Faces Remittance Strain as UK Borrowing Costs Hit 27-Year High
Nigeria may see a slowdown in remittance inflows from the United Kingdom as its borrowing costs have climbed to their highest level...
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129CBN Cracks Down on Criminal Networks with PoS Geo-Tagging Order
Last week, the Central Bank of Nigeria (CBN) rolled out a new directive requiring all Point of Sale (PoS) terminals across the...
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2.8KSurvival Pressure Rises on Tier-2 Banks as Recapitalisation Deadline Nears
Nigeria’s Tier-2 (mid-tier) banks are scrambling to shore up their balance sheets as the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation...
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2.7KNigeria, Brazil Central Banks Deepen Financial Ties
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil are moving to deepen financial and economic cooperation following high-level...
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2.8KDiaspora Inflows Hit $600m Monthly –Cardoso
Nigeria’s diaspora remittances surged by 200 percent to $600 million in the past two months. The Governor of the Central Bank of...
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CBN Orders GPS Tracking for All PoS Terminals to Curb Fraud
Propelled by the urgent need to curb rising fraud and safeguard depositors’ funds, the Central Bank of Nigeria (CBN) has rolled out...
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CBN Gives Banks Oct. 31 Deadline for Payment System Upgrade
The Central Bank of Nigeria has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to...
